Specific goals and targets in the plan economic restructuring plan for the period of 2021

1. What is an enterprise?

Pursuant to the provisions of Clause 10, Article 4 of the Law on Enterprises 2020, accordingly:

“An enterprise is an organization with its own name, assets, transaction office, established or registered to be established in accordance with the law for business purposes”

2. Overall goal of the economic restructuring plan for the period 2021-2025?

Formulate a reasonable and effective structure in each industry and field; between industries, fields and the whole economy; develop many national products based on new and high technology; creating a breakthrough in the competitiveness of a number of key economic sectors and making real, clear changes in growth models, productivity, quality, efficiency, competitiveness, improving the autonomy, adaptability, and resilience of the economy.

3. Specific goals and targets in the economic restructuring plan for the period 2021-2025?

– Average labor productivity growth rate is over 6.5%/year, of which the labor productivity growth rate in the processing and manufacturing industry reaches 6.5 – 7%/year, the labor productivity growth rate of key economic regions and 05 centrally run cities is higher than the speed increase the national average labor productivity.

– Increase the contribution of science, technology and innovation to growth, in which total factor productivity (TFP) reaches about 45% of GDP.

– By 2025, narrow the gap in national competitiveness with countries in the ASEAN-4 group, especially for institutional and basic indicators infrastructure and human resources.

– The average rate of state budget deficit in the period 2021 – 2025 is 3.7% of GDP.

– Reduce at least 10% of the total number of public service units compared to 2021, with at least 20% of units having financial autonomy.

– Total investment capital The average 5-year average of the whole society is about 32 – 34% of GDP. Improve the quality of public investment management institutions to reach international levels.

– The on-balance sheet bad debt of the entire system of credit institutions is maintained at less than 3%, gradually developing a professional and sustainable debt trading market, including effectively establishing and operating a Debt Exchange to promote the bad debt trading market, in which the Asset Management Company (VAMC) is the center of the market. All commercial banks (excluding weak banks) apply Basel II according to the standard method.

– Stock market capitalization reaches at least 85% of GDP, bond market debt balance reaches at least 47% of GDP, corporate bond market debt balance reaches about 20% of GDP.

– Land administrative management quality index in the Energy index set Global Competitiveness (GCI) increased by 10 – 15 levels compared to 2019. Completed the construction and publicization of the Monitoring and Evaluation System for land management and use.

– Vocational Training Quality Index in the Global Competitiveness Index (GCI) increased by 40 – 50 levels; The Student Skills Index increased by 45 places compared to 2019.

– The proportion of spending on scientific research and technological development reached no less than 1% of GDP; The number of enterprises implementing technological innovation increases by an average of 15%/year in the period 2021 – 2025.

– Strive to reach about 1.5 million enterprises, of which there are about 60,000 to 70,000 medium and large scale enterprises; The private economic sector’s contribution to GDP is about 55%; At least 5 to 10 national products can build international brands.

– The proportion of added value of the digital economy in GDP reaches about 20%; The proportion of added value of the digital economy in each industry and field reaches at least 10%.

– Strive to have about 35,000 cooperatives by the end of 2025, of which over 3,000 cooperatives apply high technology to the production and consumption of agricultural products, about 50% of agricultural cooperatives link with businesses along the price chain value.

Thus, based on the above content and the specific goals and targets in the Government’s Action Program of the National Assembly’s Resolution on the Economic Restructuring Plan for the period 2021 – 2025 issued together with Resolution 54/NQ-CP dated April 12, 2022, it includes striving to reach about 1.5 million businesses by the end of the year. 2025.